Result of AGM & Completion of Share Consolidation

RNS Number : 7568V

Future PLC

01 February 2017

 

Future plc

1 February 2017

FUTURE PLC

Result of Annual General Meeting and Completion of Share Consolidation

Result of Annual General Meeting

Future plc (LSE: FUTR), the international media group and leading digital publisher, can announce that all resolutions put to its Annual General Meeting today were duly passed on a show of hands. The proxy figures for the resolutions proposed were as shown below.

All of the resolutions put to the meeting related to Ordinary business.

The Company's Annual Report 2016 (which includes the Notice calling today's Annual General Meeting on pages 79 to 83) is available on the Company's website, www.futureplc.com, and on request to the Company's registered office at Quay House, The Ambury, Bath BA1 1UA or by email: [e-mail].

Appendix - Proxy results:

Resolution No (as noted on the Notice)	Shares For	Shares Discretionary	Shares Against	%age Shares for	Poll  Yes/No
1	388,989,695	6,178	16,512	99.99	No
2	278,679,303	25,978	175,348	99.93	No
3	278,679,452	25,978	174,680	99.93	No
4	380,553,040	6,478	8,800	100.00	No
5	270,421,265	6,278	8,452,867	96.97	No
6	388,983,356	6,278	22,751	99.99	No
7	388,989,076	6,278	16,512	99.99	No
8	389,001,387	6,278	4,720	100.00	No
9	388,996,587	6,278	9,520	100.00	No
10	380,922,609	6,858	8,082,918	97.92	No
11	372,468,067	6,858	16,537,460	95.75	No
12	388,833,207	7,058	161,124	99.96	No
13	380,758,102	6,858	8,240,136	97.88	No
14	388,971,193	6,858	33,815	99.99	No
15	388,971,703	7,058	22,849	99.99	No
16	388,984,415	7,058	20,912	99.99	No
17	388,976,800	7,058	16,712	99.99	No
18	388,977,000	7,058	16,512	99.99	No

Completion of Share Consolidation

Following the above announcement that all resolutions proposed at the Company's AGM have been duly passed by shareholders, the Company confirms that the 548,463,450 ordinary shares of one pence each in the Company will be consolidated into 36,564,230 new ordinary shares of fifteen pence each with a new ISIN of GB00BYZN9041 and SEDOL of BYZN904 ("Ordinary Shares") with effect from 2 February 2017 (the "Consolidation").  Such Ordinary Shares have the same rights and are subject to the same restrictions as ordinary shares in issue prior to the consolidation.

The total number of voting rights in the Company following the Consolidation shall be 36,564,230.

On 2 February 2017, CREST Shareholders' accounts will be credited with the new Ordinary Shares to which they are entitled under the Consolidation as at 6pm on 1 February 2017, being the record date of the Consolidation.

New share certificates will be issued to Non-CREST Shareholders in substitution for their existing share certificates. All existing share certificates will be invalid and will be cancelled and new share certificates are expected to be dispatched to those Shareholders who held their shares in certificated form, on or around 9 February 2017.

Unless a Shareholder's entitlement is for an exact number of Ordinary Shares, a right to a fractional entitlement of a Ordinary Share would theoretically arise following the Consolidation. For example a shareholder having 1000 ordinary shares prior to the Consolidation would, after the Consolidation, as well as receiving 66 Ordinary Shares, be entitled to a fractional entitlement of 0.66 of an Ordinary Share.

Fractional entitlements arising from the Consolidation will be aggregated and sold in the market and, following the passing of resolution 17 at the AGM the net proceeds will be donated to a charity designated by the board of directors of the Company.

Save for any adjustment resulting from the fractional entitlements, all shareholders will retain the same percentage interest in the Company post consolidation as previously held.

Enquiries:

Penny Ladkin-Brand,

Chief Financial Officer & Company Secretary                                Tel: [phone]

Future plc

 

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